Latest quarterly results:
Dow Jones Newswires -- May 15, 1998
Metromedia Intl 1Q Loss 39c/Basic Shr Vs Loss Cont Ops
21c
Metromedia International Group Inc. - East Rutherford, N.J.
1st Quar March 31:
1998 1997
Revenues $60,219,000 $58,975,000
Inc cont op (22,963,000) (13,505,000)
Inc dis op .... (8,753,000)
Net income (22,963,000) (22,258,000)
Avg shrs 68,572,000 66,155,000
Shr earns
Inc cont op (.39) (.21)
Inc dis op .... (.13)
Net income (.39) (.34)
Figures in parentheses are losses.
Metromedia International Group Inc. (MMG) first-quarter earnings before interest, taxes, depreciation and amortization were $953,000, compared to $7.2 million a year ago.
Metromedia International said its joint ventures incurred operating expenses to establish startup operations in cable television, paging, radio and cellular communications.
Metrodmedia International provides communications services in emerging markets.
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